Economic Lies And Truths

It’s seems like our entire economy is based on consumer confidence alone these days. Meaning, they need you to believe things are good in order to keep the economy crawling along. As a result, the government and the mainstream media have been making a pretty big push to sell you on the idea that things are looking up and/or turning around. They want you to spend your money, borrow if you can, and participate as much as possible by spending a dollar. It’s because their keynesian economic model is now failing. Don’t let them fool you.

The Lie:

The news is that the U.S. unemployment rate (U-3) fell to 5.1%, down by nearly half since the peak during the Great Recession. They are calling it a healthy sign of things to come because the economy added 173,000 jobs in August. They are calling it a decent gain in jobs for the month, but admit that it is below the average monthly jobs gains of 212,000 jobs.

The Truth:

Only about 47 percent of all adults in America have a full-time job at this point. A record 94,031,000 Americans were not in the American labor force last month. This is 261,000 more than July. So notice how the U-3 unemployment number dropped but the number of people NOT participating in the labor force rose? This is because some people are no longer being counted and are moved to a different category. The labor force participation rate remains at 62.6 percent. This is a 38-year low. This also means that true unemployment still remains at about 22.9%. Meanwhile, personal incomes are also going down and this includes savings.

The Lie:

The national debt isn’t an issue. The government can always print more money.

The Truth:

It is true that the government can just print more money. This is called “Monetary Policy”. But this is not a good thing and will more than likely spur massive inflation in the very near future. Regardless, our debt is spiraling out of control. Our national debt doubled under Bush, and it has tripled under Obama. Currently, there is a law in place that sets our legal debt limit at $18,113,000,080,959.35.

What many don’t know is that our national debt has been frozen at $18,112,975,000,000 for over 160 days. That’s about $25 million below the current legal debt limit. Weird right?

It’s more than weird. It’s a huge problem. It’s a problem because the government spends well over $15,700 per second. That’s about a million per minute. So in the course of 160 days, that’s roughly $1,440,000,000. Just a hair over the legal limit. Laws have been broken.

The Lie:

The numbers show that our recovery was a success

The Truth:

It’s actually quite the opposite. Both the stock market and oil prices have been plunging. According to the Social Security Administration, 40 percent of all U.S. workers make less than $20,000 a year. This little problem is getting worse. According to the New York Times, long-term unemployment in America is up by 213% since 2007. Obviously getting worse. According to the U.S. Census Bureau, median household income in the United States has fallen for five years in a row. Another sign that things are not getting better. And according to the Survey of Income and Program Participation conducted by the U.S. Census, well over 100 million Americans are enrolled in at least one welfare program run by the federal government. This doesn’t even include state run programs. Honestly… this just gets the ball rolling.

The Lie:

Businesses are booming.

The Truth:

Really? Besides banks, which ones? Because I keep reading about this “retail apocalypse” that is underway, because of a growing list of retailers who are closing up shop. They are saying that retail in general is dying a slow painful death. Many major US retailers have already announced mass closures of stores. More than 6000 stores coast to coast will be shutting down this year and into next (as I warned you it would). This includes places like Sears, Gap, Radio Shack, Office Depot, Dollar Tree and so on. Many other large businesses have been talking about their struggles for a while now too; companies like Sbarro, Barnes and Noble, Staples, etc. Even Apple has been struggling as of late. While some may shrug this off, it is important to note that consumption supposedly accounts for about 70 percent of our economy and retail sales account for about 35 percent of our overall GDP.

The Lie:

U.S. Economic Fundamentals ‘Look Good’

The Truth:

Robert Kiyosaki, best-selling author of “Rich Dad, Poor Dad,” was recently quoted as saying that the global economy has collapsed and Wall Street has been manipulated by the Federal Reserve and US Treasury. He’s not the only one saying it either. Many experts are saying similar things and warning us about some rough times ahead.

The Treasury continues to report record highs in regard to taxation. This record of approximately $2,672,414,000,000 in tax revenues through the first ten months of fiscal 2015 is evidence of more money leaving the pockets of Americans.

Americans are feeling it too and responding accordingly. Turns out people are fleeing high tax states in droves. But where is all that tax money going? Obviously not to our debt, considering we still run a massive deficit that continues to grow.

But at the same time, Banks are lending to companies and individuals at the fastest pace since before the financial crisis. But think about that for a moment. A) Why would people need to borrow money? Could it be because they don’t have it? B) How are these people going to pay it all back if we continue on the path we are on? Insult to injury: this trend has helped banks record near-record level profits.

The Lie:

U.S. Dollar Rises on Solid Growth, Jobless Claims Numbers

The Truth:

The jobless claims number is manipulated. The idea that we are experiencing solid growth is a joke. And the dollar isn’t rising. The dollar is actually dying and losing its buying power. Let’s not even talk about the Yuan devaluation for a moment, or how China, Russia and a whole host of other nations are trying to drop the dollar like a bad habit. We have to understand that there are plenty of market professionals that are expecting higher inflation in the near to intermediate future. But let me again address manipulations; the US federal government has changed the way it calculates inflation at least twenty times since the mid 1980s. Why? Inflation has eaten away the dollar’s value, and they don’t want you to freak out about it.

I want you to know the truth. In 1913 you could buy as much with a single $1.00 as you can with $24.10 in 2015. This is why a car today costs so much more than it did in say 1940. And moving forward, you need to understand that it’s going to get worse. MUCH worse. Because let’s not forget the Federal Reserve Open Market Committee’s official goal to simply devalue the dollar.

So now add it all up: fewer jobs, fewer companies, greater dependency on social programs and entitlements, a rising debt, rising inflation, rising and record taxes, still running a deficit, less income at home, zero interest rates, and the devaluation of the dollar. Take it for what it’s worth, but I believe this is all strong evidence (based on the preceding) that our problems are expanding, not recovering. And unfortunately… this is just the beginning and small piece of much bigger… much scarier puzzle.

After reading "The Briobiotic Protocol" I was so impressed with the information on preventive medicine, I purchased 3 more copies... Read More!

Vicki Lloyd

David M Robertson

5.0

2018-06-07T15:11:31+00:00

Vicki Lloyd

After reading "The Briobiotic Protocol" I was so impressed with the information on preventive medicine, I purchased 3 more copies for family members. David has a down to earth way of communicating with his writing. I am patiently waiting for his new book.

I am into natural health and politics... so is David!! I have read two of his books, The Briobiotic Protocol... Read More!

Chrissy Hood-Quick

David M Robertson

5.0

2018-06-07T14:49:14+00:00

Chrissy Hood-Quick

I am into natural health and politics... so is David!! I have read two of his books, The Briobiotic Protocol and Reloaded. I always recommend his books in different groups and pages I'm on. Very knowledgeable with facts to back-up his beliefs. If you weren't "awake" before reading Davids books, you will be after!

David is an author and subject matter expert in understanding world economy, leadership and healthy living. We have collaborated on... Read More!

ASM

David M Robertson

5.0

2018-06-07T15:23:38+00:00

ASM

David is an author and subject matter expert in understanding world economy, leadership and healthy living. We have collaborated on educational discussions with a youtube audience over the last few years. Check out his books, websites, twitter and this page to get up to date news and information from a perspective that greatly differs from any other source.

There are aspects in this book that can not only be applied in a political and or corporate capacity but... Read More!

Lucas MacLaren

David M Robertson

5.0

2018-06-07T20:33:56+00:00

Lucas MacLaren

There are aspects in this book that can not only be applied in a political and or corporate capacity but in average everyday life. I think that's what I liked the most about it, you can get a take on types of leadership of any level. For me it was a very easy read as well and I'm not one to get into books all that well per say but I couldn't put this one down. Packed full of knowledge!! Very well written and I can say I believe everyone could benefit in one way or another if not multiple ways by reading this book if even only in their personal lives but especially in a business.

It's not what the doctors want you to hear but, if you suffer as I do from chronic conditions and... Read More!

Corey Nichols

David M Robertson

5.0

2018-12-16T17:56:39+00:00

Corey Nichols

It's not what the doctors want you to hear but, if you suffer as I do from chronic conditions and auto immune disease you will benefit highly from the knowledge David has presented here. I've already lost some weight and feel so much better!!!